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In the Press

Tax system sets up SMEs to fail in a crisis - Atterton

FORMER academic Tim Atterton believes Australia's tax system sets up small business for failure in times like these by discouraging the retention of profits, distracting management and undermining strong balance sheets. To maximise personal wealth creation, the owners of small-to-medium enterprises tend to control their businesses through trusts, which have to distribute earnings and leave little in the way of long-term assets directly linked to the operations themselves. [Read More]

WA wages growth fastest in nation

Pay packets in resource rich Western Australia climbed 5.6 per cent over the year, the fastest in the country, while the mining industry was the top sector for annual wage growth. Latest data from the Australian Bureau of Statistics showed the wage price index across Australia grew by 1.2 per cent in the June quarter, seasonally adjusted. This was slightly more than market expectations for a one per cent increase. [Read More]

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